Shraddha Prime Projects finalizes ₹58 crore debenture allotment

Shraddha Prime Projects Ltd. announced the revised outcome of its board meeting held on December 24, 2025, confirming the issuance of unlisted, secured, redeemable, non-cumulative, non-convertible debentures (NCDs) totaling up to ₹63 crore via private placement. This issuance involves 6,300 NCDs, each with a face value of ₹1,00,000, targeted at non-promoter investors.

The board also approved the allotment of 5,800 NCDs, aggregating to ₹58 crore, for cash. These debentures carry a face value of ₹1,00,000 each and have a tenor of 36 months from the date of allotment or until March 31, 2029, whichever is earlier. The coupon interest offered is 20.04%, with an Internal Rate of Return (IRR) of 22% or 1.3X, whichever is higher.

A redemption premium of 1.3X the total Debenture Subscription Amount or a pre-tax IRR equivalent of 22.00% p.a. is applicable. Interest payments will be calculated per annum and paid monthly.